PAINT EXPRESS
ActiveSummary
PAINT EXPRESS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €225,688 and a net result of €84,760. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 55% of 7460 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability91▲+14
Solvency72▲+10
Growth68=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.4 in 2023; short-term debt: 52.6% and cash: 0.1% of total assets), but 52.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
20 d early
2022
72 d late
2021
13 d early
2020
87 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
In the rankings
#7 company by equity in De Panne, Construction sector#8 company by total assets in De Panne, Construction sector#10 oldest company in De Panne, Construction sector
Turnover
€892,274▲ 4.9%
2020 · €850,331
EBIT margin
10.3%▼ 5.0pp
2020 · 15.3%
Net result
€84,760▲ 191%
2023 · €29,157
Working capital
€168,832▲ 46.0%
2023 · €115,614
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€850,331▲ 44.6%€892,274▲ 4.9%
Operating result€130,217▲ 83.4%€91,942▼ 29.4%€121,890▲ 32.6%€37,243▼ 69.4%€108,001▲ 190%
Net result€117,680above the sector's middle half▲ 160%€86,868above the sector's middle half▼ 26.2%€93,176within the sector's middle half▲ 7.3%€29,157within the sector's middle half▼ 68.7%€84,760within the sector's middle half▲ 191%
EBIT margin15.3%▲ 3.2pp10.3%▼ 5.0pp
Equity€150,728above the sector's middle half▲ 13.3%€157,596above the sector's middle half▲ 4.6%€170,772within the sector's middle half▲ 8.4%€170,928within the sector's middle half▲ 0.1%€225,688within the sector's middle half▲ 32.0%
Total assets€450,840above the sector's middle half▲ 1.9%€477,481above the sector's middle half▲ 5.9%€500,107within the sector's middle half▲ 4.7%€463,309within the sector's middle half▼ 7.4%€479,392within the sector's middle half▲ 3.5%
Debt€300,112▼ 3.0%€319,885▲ 6.6%€329,335▲ 3.0%€292,381▼ 11.2%€253,704▼ 13.2%
Working capital€133,873above the sector's middle half▲ 18.8%€116,993above the sector's middle half▼ 12.6%€116,883within the sector's middle half▼ 0.1%€115,614within the sector's middle half▼ 1.1%€168,832within the sector's middle half▲ 46.0%
Solvency33.4%within the sector's middle half▲ 3.4pp33.0%within the sector's middle half▼ 0.4pp34.1%within the sector's middle half▲ 1.1pp36.9%within the sector's middle half▲ 2.7pp47.1%within the sector's middle half▲ 10.2pp
Current ratio1.45within the sector's middle half▲ 0.081.40within the sector's middle half▼ 0.041.37within the sector's middle half▼ 0.031.40within the sector's middle half▲ 0.031.67within the sector's middle half▲ 0.27
Return on assets (ROA)26.1%above the sector's middle half▲ 15.9pp18.2%above the sector's middle half▼ 7.9pp18.6%above the sector's middle half▲ 0.4pp6.3%within the sector's middle half▼ 12.3pp17.7%above the sector's middle half▲ 11.4pp
Staff (FTE)4within the sector's middle half3.7within the sector's middle half▼ 7.5%2.6within the sector's middle half▼ 29.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 190% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €479,392
Fixed assets
€58,418 ▲ 2.5%
Current assets
€420,974 ▲ 3.6%
Equity and liabilities €479,392
Equity
€225,688 ▲ 32.0%
Debt
€253,704 ▼ 13.2%
Debt's share of the balance-sheet total falls from 63.1% to 52.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€124,909▲
2023 · €50,892
Cash flow
€101,668▲
2023 · €42,805
Debt to equity
1.12▼
2023 · 1.71
ROE
37.6%▲
2023 · 17.1%
Interest coverage
23.12▲
2023 · 7.30
Debt ≤ 1 year
€252,142▼
2023 · €290,681
Debt > 1 year
€1,563
Income taxes
€23,200▲
2023 · €1,319
Staff costs
€140,148▼
2023 · €192,790
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €850,331 | €892,274 | - | - | - | - |
| Non-recurring operating income76A | - | - | €325 | - | €12,444 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €605,961 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €190,227 | €207,318 | €192,790 | €140,148 | ▼ 27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,422 | €6,987 | €12,239 | €13,649 | €16,908 | ▲ 23.9% |
| Other operating charges640/8 | - | €4,035 | €4,486 | €3,692 | €6,382 | ▲ 72.9% |
| Gross operating margin9900 | €332,267 | €293,192 | €345,933 | €247,374 | €271,439 | ▲ 9.7% |
| Operating profit (loss)9901 | €130,217 | €91,942 | €121,890 | €37,243 | €108,001 | ▲ 190% |
| Financial income75/76B | - | €351 | €473 | €202 | €5,361 | ▲ 2,560% |
| Recurring financial income75 | €247 | €351 | €473 | €202 | €5,361 | ▲ 2,560% |
| Financial charges65/66B | - | €5,425 | €8,081 | €6,969 | €5,403 | ▼ 22.5% |
| Recurring financial charges65 | €2,809 | €5,425 | €8,081 | €6,969 | €5,403 | ▼ 22.5% |
| Profit (loss) for the period before taxes9903 | €127,655 | €86,868 | €114,282 | €30,476 | €107,959 | ▲ 254% |
| Income taxes67/77 | €9,975 | - | €21,106 | €1,319 | €23,200 | ▲ 1,659% |
| Profit (loss) for the period9904 | €117,680 | €86,868 | €93,176 | €29,157 | €84,760 | ▲ 191% |
| Profit (loss) for the period to be appropriated9905 | €117,680 | €86,868 | €93,176 | €29,157 | €84,760 | ▲ 191% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €450,840 | €477,481 | €500,107 | €463,309 | €479,392 | ▲ 3.5% |
| Fixed assets21/28 | €16,855 | €69,256 | €67,195 | €57,015 | €58,418 | ▲ 2.5% |
| Tangible fixed assets22/27 | €16,855 | €69,256 | €67,195 | €57,015 | €58,418 | ▲ 2.5% |
| Land and buildings22 | - | €6,413 | €6,103 | €5,794 | €5,484 | ▼ 5.3% |
| Plant, machinery and equipment23 | - | €18,741 | €17,924 | €14,892 | €12,865 | ▼ 13.6% |
| Furniture and vehicles24 | - | €39,507 | €39,071 | €32,730 | €36,969 | ▲ 13.0% |
| Other tangible fixed assets26 | - | €4,595 | €4,097 | €3,598 | €3,100 | ▼ 13.9% |
| Current assets29/58 | €433,985 | €408,225 | €432,912 | €406,295 | €420,974 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €407,926 | €397,199 | €422,631 | €394,511 | €417,224 | ▲ 5.8% |
| Trade receivables40 | - | €151,651 | €199,925 | €375,216 | €247,239 | ▼ 34.1% |
| Other amounts receivable41 | - | €245,547 | €222,707 | €19,295 | €169,985 | ▲ 781% |
| Cash at bank and in hand54/58 | €26,059 | €7,248 | €452 | €2,059 | €351 | ▼ 83.0% |
| Deferred charges and accrued income490/1 | - | €3,778 | €9,829 | €9,725 | €3,399 | ▼ 65.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €450,840 | €477,481 | €500,107 | €463,309 | €479,392 | ▲ 3.5% |
| Equity10/15 | €150,728 | €157,596 | €170,772 | €170,928 | €225,688 | ▲ 32.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Other1109/19 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €138,328 | €145,196 | €158,372 | €158,528 | €213,288 | ▲ 34.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €143,336 | €156,512 | €158,528 | €213,288 | ▲ 34.5% |
| Amounts payable17/49 | €300,112 | €319,885 | €329,335 | €292,381 | €253,704 | ▼ 13.2% |
| Amounts payable after more than one year17 | - | €28,653 | €13,306 | - | €1,563 | - |
| Financial debts170/4 | - | €28,653 | €13,306 | - | €1,563 | - |
| Amounts payable within one year42/48 | €300,112 | €291,232 | €316,030 | €290,681 | €252,142 | ▼ 13.3% |
| Current portion of amounts payable after more than one year42 | - | €10,847 | €13,166 | €13,306 | €9,134 | ▼ 31.4% |
| Financial debts43 | - | - | €6,502 | €9,548 | €5,786 | ▼ 39.4% |
| Credit institutions430/8 | - | - | €6,502 | €9,548 | €5,786 | ▼ 39.4% |
| Trade debts44 | €62,103 | €67,278 | €63,507 | €101,010 | €54,273 | ▼ 46.3% |
| Suppliers440/4 | - | €67,278 | €63,507 | €101,010 | €54,273 | ▼ 46.3% |
| Advances received on contracts in progress46 | - | €7,320 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €21,633 | €19,327 | €15,261 | €61,752 | ▲ 305% |
| Taxes450/3 | - | €17,484 | €11,349 | €6,887 | €23,339 | ▲ 239% |
| Remuneration and social security454/9 | - | €4,149 | €7,978 | €8,374 | €38,413 | ▲ 359% |
| Other amounts payable47/48 | - | €184,154 | €213,527 | €151,557 | €121,197 | ▼ 20.0% |
| Accrued charges and deferred income492/3 | - | - | - | €1,700 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117,680 | €86,868 | €93,176 | €29,157 | €84,760 | ▲ 191% |
| + Depreciation and write-downs630 | €16,422 | €6,987 | €12,239 | €13,649 | €16,908 | ▲ 23.9% |
| Operating cash flow (approximation) | €134,102 | €93,855 | €105,415 | €42,805 | €101,668 | ▲ 138% |
| Investment in fixed assets (approximation) | - | -€59,389 | -€10,177 | -€3,469 | -€18,312 | ▼ 428% |
| Change in cash | - | -€18,811 | -€6,796 | €1,607 | -€1,708 | ▼ 206% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200,000Eq €225,688 ▲32%
7 profitable years in a row build equity to €225,688.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €29,157 ▼68.7%
Net result drops to €29,157, the lowest in the series; recovery starts the following year.
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 72 days late
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Equity above €150,000Eq €150,728 ▲13.3%
3 profitable years in a row build equity to €150,728.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Equity above €100,000Eq €133,048 ▲51.5%
2 profitable years in a row build equity to €133,048.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 168 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
06-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 190 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, De Panne · 1 establishment unit since 2010
Ground area
517 m²
Building footprint
215 m²
Volume, LiDAR
1,090 m³
Parcel 38001E1014/00P002, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Paint Express
since 20102.186.045.250
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38001E1014/00P002 | Flanders | 517 m² | 1 · 215 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. 1,976 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0823882762
Also
9925:BE0823882762
Registered
18-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.